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How a $5,000 Investment Could Turn Into $1 Million

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  Fact checked by Peter Gratton Turning $5,000 into $1 million doesn't necessarily require winning the lotto or getting lucky in Vegas. With a little patience and a big helping hand from compound interest,

The article from MSN Money discusses how a $5,000 investment could potentially grow into $1 million over time through the power of compound interest and long-term investment strategies. It highlights the importance of starting early to benefit from the exponential growth of investments. The piece explains that by investing in assets like stocks, mutual funds, or ETFs, and assuming an average annual return rate, one could see significant growth. For instance, with an average annual return of 10%, which is close to the historical average for the S&P 500, it would take about 48 years for $5,000 to reach $1 million. The article also touches on the risks involved, the need for diversification, and the impact of inflation, suggesting that while the scenario is optimistic, it's achievable with patience, discipline, and a long-term perspective.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/how-a-5-000-investment-could-turn-into-1-million/ar-AA1ytOEA ]